Property profile

320 Salem St Apex, NC 27502

OFF-MARKET
Turn key restaurants
Property ID
US53-0966548
5,311 SF 0.8 ac lot Built 1947
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,311 SF
Lot 0.8 ac (34,848 SF)
Zoning code B1
APN 0741.06-39-2718 0001482
UPID US53-0966548

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Bar & Pub Restaurant
  • Alternative Medicine Practice
  • Postal Service Courier Service
  • Alternative Medicine Practice

Location

320 Salem St Apex, NC 27502-1827
Apex metro Census 53429 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2019
$650,000
2007
$150,000

Zoning & alternative use

B1 · Apex, NC
Zoning description

B1 Neighborhood Business District The purpose and intent of the B1 Neighborhood Business District is to encourage the development of small-scale, neighborhood serving commercial and business uses providing a wide range o…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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